Customer Advisory: Trans-Atlantic GRI effective 1st July 2012

Dear Customer

As a consequence of slower economic activity, higher ship operating costs and rising oil prices, the
Trans-Atlantic market has now become unsustainable if the operator is to continue their investment
and on-going service commitments.

In order to address this serious freight erosion, Hyundai Merchant Marine plan a General Rate
Increase effective 1st July 2012 of $500/20ft and $600/40ft container to be applied to all types of
either dry or special equipment in both Westbound and Eastbound directions to and from
Europe/USA.  By implementing this GRI we will be able to continue to serve the needs of our valued
customers in providing a comprehensive and reliable regular schedule to and from the East coast,
Gulf and West coasts of the USA.

We would like to take this opportunity of expressing our thanks for your continued support and

Kind Regards

Hyundai Merchant Marine (Europe) Ltd

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